Occidental Life Insurance Company Review [2024]
Occidental provides term and permanent life insurance for residents in all 50 states. Customers can find affordable Occidental Life Insurance, and all policies require a medical exam. Additionally, the company has been rated an A by A.M. Best and an A+ by the Better Business Bureau.
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Dani Best
Licensed Insurance Producer
Dani Best has been a licensed insurance producer for nearly 10 years. Dani began her insurance career in a sales role with State Farm in 2014. During her time in sales, she graduated with her Bachelors in Psychology from Capella University and is currently earning her Masters in Marriage and Family Therapy. Since 2014, Dani has held and maintains licenses in Life, Disability, Property, and Casualt...
Licensed Insurance Producer
UPDATED: Aug 7, 2024
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Aug 7, 2024
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Occidental Life Insurance provides term life, universal life, and whole life insurance
- Occidental Life Insurance offers various riders
- Occidental Life Insurance has been rated an A by A.M. Best
Occidental Life Insurance provides term and permanent life insurance policies to customers in all 50 states. In addition, the company offers several options that customers can add to a plan and is rated an A by A.M. Best.
Discovering more about Occidental Life Insurance will help you determine if the company is right for you.
Before starting this Occidental Life Insurance review, enter your ZIP code to get free life insurance quotes in your area.
How does Occidental Life Insurance determine rates?
Life insurance companies use several different factors when determining rates. The goal is to estimate whether the policyholder will pass away before paying off the policy. Some of the common factors companies use to determine rates include:
- Age
- Gender
- Health
- Occupation
- Hobbies
Occidental doesn’t provide rates or quotes for customers online. Instead, the company requires customers to contact an independent agent to inquire about life insurance options. The agent will help you determine the best plan for your needs.
When speaking with a representative, you’ll need to answer various questions about your family, medical history, occupation, hobbies, and lifestyle. The representative will use these answers to help you find affordable Occidental Life Insurance rates.
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What products are offered by Occidental Life Insurance?
Occidental provides term life, universal life, and whole life insurance. The company fully underwrites all policies, so customers have to answer medical questions and undergo a medical exam to obtain coverage.
The company’s term life policies are available in 10, 20, and 30-year terms. Coverage ranges from $25,000 to $300,000, and policies are renewable following expiration. Additionally, customers can convert to a whole life policy at the end of a term.
Customers that desire a permanent life plan with flexibility can choose universal life insurance. This type of coverage has flexible rates, and customers can change the death benefit over time. However, the maximum value of this policy is $250,000.
While Occidental Life Insurance only offers one type of universal life insurance, three whole life options are available. The Family Choice plan is for customers 49 years old and younger. The maximum value is usually $35,000, but it depends on the insured’s age.
The Financial Lifeline plan is a modified whole life policy, resulting in lower rates for the first two or three years and higher rates over time. The cash value accumulations are available in annuities, and the maximum value is $150,000.
The Occidental Senior Choice policy is a final expense plan. This option is available for cuquickquote.com/accidental-death-life-insurancestomers between 50 and 85 and has a maximum value of $35,000. Instead of providing financial support for loved ones, this plan pays for funeral and burial expenses.
Does Occidental Life Insurance offer riders?
In addition to standard policies, most life insurance companies offer options that customers can add to a policy. These options are called riders and allow policyholders to customize their policies.
The most common life insurance option is the accelerated death benefits rider. This option is included with some policies and allows customers to access a portion of their death benefit before death if they suffer from a terminal illness.
While the accelerated death benefits rider is available free of cost, Occidental Life Insurance provides other optional riders for a fee. A common addition is accidental death life insurance, which provides a payout when the insured dies of an accident.
Other optional riders include:
- Accelerated benefit for confined care
- Children’s insurance
- Return of premium
- Waiver of premium
- Waiver of a premium due to unemployment
These optional riders offer further protection, providing a payout when a standard plan would not. However, adding optional riders to policies increases Occidental Life Insurance quotes.
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How is Occidental Life Insurance rated?
Insurance companies are regularly reviewed and rated based on financial strength. Credit rating agencies use these ratings to determine the company’s ability to provide a payout when customers file a claim.
Occidental Life Insurance has been rated an A by A.M. Best, the most trusted rating agency. This rating is excellent and indicates that the company will provide a payout whenever a customer files a claim.
The Better Business Bureau (BBB) has also reviewed the company, rating its business practices. Occidental has been rated an A+ by the BBB, indicating that the company is transparent with customers.
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Does Occidental Life Insurance have any complaints?
Examining the complaints of insurance companies helps customers determine their quality of service. The Better Business Bureau (BBB) and the National Association of Insurance Commissioners (NAIC) reviews complaints made about companies.
At the time of this review, the BBB has received three complaints about Occidental during the last three years. Two of these complaints were about the company’s products and services, and the other was about Occidental’s advertising or sales.
According to the NAIC, Occidental has received three complaints. The company’s complaint index ratio is 1.73, indicating slightly more complaints than a company of a similar size.
How can you contact Occidental Life Insurance?
Occidental offers customers multiple communication channels, including phone, fax, and email, to get in touch with the company. These methods can be used to purchase Occidental Life Insurance, seek information, and learn how to file a complaint against a life insurance company or submit claims.
The quickest way to reach Occidental Life Insurance is by phone at 800-736-7311. The company greets callers with a menu that connects them with the correct department. A representative will then help with whatever task they need to complete.
Customers can also reach Occidental Life Insurance by fax. However, unlike calling the company, Occidental has three different fax numbers. The right option depends on why you’re calling the company. The fax numbers for Occidental are:
- Main: 254-297-2105
- Claims: 254-297-2756
- Sales: 254-297-2709
The third way to contact Occidental is by email. Like faxing, emailing the company will take longer to get a reply than by phone. However, this might be necessary if you’re required to send additional documentation for your policy or claim.
The email addresses for Occidental are:
- General: [email protected]
- Claims: [email protected]
- Complaints: [email protected]
Occidental’s contact information is through its parent company, the American Amicable Group. If you’re unsure about the correct fax number or email address, calling the company phone number will allow you to speak with a representative.
How to Contact Occidental Life Insurance and Explore Related Reviews
If you need to reach out to Occidental Life Insurance, you can find their contact information conveniently available. For general inquiries, you can call the Occidental Life Insurance phone number or use the Occidental Life Insurance customer service contact options provided on their website. This includes both their main line and specific lines for various departments.
For those seeking more detailed information or needing to address specific concerns, calling the Occidental Life Insurance of North Carolina phone number can connect you directly with their regional office. Reviews for the Occidental Life Insurance Company of North Carolina and Occidental Fire & Casualty Company offer insights into the experiences of other customers, which can be helpful when evaluating their services.
Additionally, if you are interested in comparing Occidental Life Insurance with other providers, it is worth exploring the offerings of Transamerica Occidental Life Insurance Company. You may also want to look into the services of Accordia Life and Annuity Company by calling their phone number for further information.
For those considering American Amicable policies, including the American Amicable Family Choice policy and American Amicable final expense insurance, using their quoting tool and reading American Amicable reviews can provide a comprehensive understanding of their offerings. The American Amicable Senior Choice policy, available through their American Amicable in Waco office, is another option to consider. For broader comparisons, American Life Insurance Company reviews can help you gauge how they stack up against Occidental and other competitors.
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Comparing Insurance Providers: Tools, Reviews, and Top Choices
When evaluating life insurance options, using resources such as the American Amicable quoting tool can simplify the process of comparing different plans. This tool allows you to get quotes from various insurance providers, helping you to find the most suitable policy for your needs. Additionally, if you are interested in specific companies like Accordia Life and Annuity, you can contact them directly using their phone number for detailed information about their offerings.
For those looking into insurance companies in North Carolina, Occidental Fire & Casualty Company of North Carolina has received attention in various reviews. Checking Occidental Life Insurance Company of North Carolina reviews can provide insights into their customer service and policy options. To make an informed decision, consider looking at the best life insurance in North Carolina and reading best term life insurance companies reviews. It’s also helpful to consult Better Business Bureau reviews for State Farm to gauge their reputation.
For additional verification and comparison, resources like the Gerber Life Insurance fax number can assist in processing claims and verifying policy details. Reviews on Gerber Life Insurance payout, as well as reports on Gerber Life Insurance scams, should be reviewed for a complete picture of their service. Google reviews for Senior Insurance Agency can also offer useful feedback. Lastly, consider the most trusted life insurance companies and verify with Mutual of Omaha fax number for verification to ensure you choose the best option available.
Evaluating Additional Insurance Providers: Reviews and Scams
When assessing life insurance options, it’s crucial to delve into the reputation and reliability of various companies. For instance, Gerber Life Insurance scam reports and Gerber Life Insurance payout reviews can shed light on potential issues or delays in claim settlements. It’s equally important to consider the feedback for companies like Security Benefit Life Insurance Company and Security Plan Life Insurance, as their reviews can provide insight into their overall service quality and customer satisfaction.
In addition to these, exploring the Seniors’ Choice Life Insurance quote and Seniors’ Choice Life Insurance reviews can help you understand how well this provider meets the needs of senior policyholders. Occidental Fire and Casualty rating is another critical aspect to check, especially if you’re considering insurance from the American Amicable Group.
For any queries or detailed information, contacting the American Amicable Life Insurance phone number can be beneficial. Don’t forget to review opinions on Awesome Life Group, Ladder Life Insurance, and Safe Choice Insurance Company to get a comprehensive view. Gathering feedback from The Hanson Group of Companies reviews and comparing three insurance company reviews will help you make an informed decision about the best insurance provider for your needs.
Occidental Life Insurance and Occidental Fire & Casualty Company Reviews
When evaluating life insurance providers, it’s important to consider feedback from existing customers. Occidental life insurance reviews often highlight both positive and negative experiences with their policies and services. Customers generally appreciate the reliability and comprehensive coverage options offered by Occidental Life, noting that their policies cater to a range of needs, from basic life insurance to more specialized plans. However, some reviews indicate areas for improvement, particularly regarding claims processing and customer support.
Similarly, Occidental Fire & Casualty Company reviews provide insights into the company’s performance in the property and casualty insurance sectors. Reviewers frequently comment on the company’s competitive rates and solid coverage options. On the downside, there are occasional mentions of difficulties with policy adjustments and claim handling. As with any insurance provider, potential customers should carefully consider these reviews and compare them with other options available in the market.
For those looking to contact Occidental Life Insurance or Occidental Fire & Casualty Company for any inquiries or support, the Transamerica Occidental Life Insurance customer service phone number is a valuable resource. This number connects you directly to their customer service team, which can assist with policy questions, claims, and other service-related matters. Checking both Occidental Life Insurance and Occidental Fire & Casualty Company reviews can help you make an informed decision about whether their services align with your needs and expectations.
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Insights into Insurance Company Reviews
When evaluating life insurance providers, it’s essential to look beyond just policy options and premiums. Security Benefit Life Insurance Company reviews provide valuable feedback on the company’s service quality, claims processing, and customer satisfaction. Similarly, Security Plan Life Insurance reviews can offer a comprehensive view of the company’s performance, including how well they handle policyholder concerns and claims.
In addition to these reviews, consider exploring Awesome Life Group reviews, which can offer insights into the customer experience and overall satisfaction with their insurance products. Ladder Life Insurance reviews are particularly useful if you’re interested in understanding the flexibility and user experience of their term life policies. Lastly, Safe Choice Insurance Company reviews can help you gauge their reliability and customer service standards. By examining these reviews, you can make a more informed decision about which insurance provider aligns best with your needs and expectations.
Who is Occidental Life Insurance?
The Occidental Life Insurance Company of North Carolina began in 1906 in New Mexico. The company moved its headquarters to Raleigh, North Carolina in 1926, adding North Carolina to its name.
The American Amicable Group would eventually acquire the company. In addition to Occidental Life Insurance, the American Amicable Group of Companies owns:
- American Amicable Life Insurance Company
- Pioneer American Insurance Company
- Pioneer Security Life Insurance Company
- IA Life Insurance Company
The Occidental Life Insurance headquarters are now in Waco, Texas, with the other American Amicable companies. The company still provides life insurance but has expanded into all 50 states.
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Occidental Life Insurance: The Bottom Line
Occidental provides term life, universal life, and whole life insurance to customers throughout the United States. A part of the American Amicable Group, the company has strong financial backing and is rated an A by A.M. Best.
Knowing more about Occidental Life Insurance will help you determine if the company is a good fit.
Now that you know about Occidental Life Insurance, enter your ZIP code to find free life insurance rates in your area.
Frequently Asked Questions
What is Occidental Life Insurance?
Occidental Life Insurance refers to a life insurance provider that offers various life insurance products. It is part of Occidental Fire & Casualty Company, which is known for providing life insurance and related financial services. Their policies typically include term life, whole life, and universal life insurance options, tailored to meet different financial and coverage needs.
Is American Life Insurance legitimate?
Yes, American Life Insurance is a legitimate insurance provider. It offers a range of life insurance products and services, including term life, whole life, and universal life insurance policies. It’s important to review customer feedback and ratings to understand their service quality and claims handling.
Is Colonial Penn a ripoff?
Colonial Penn is not a ripoff, but like any insurance company, it’s crucial to evaluate their offerings and customer reviews. Some customers may have mixed experiences, and it’s helpful to research their policies, coverage options, and customer service before making a decision.
Is Ladder Life Insurance legitimate?
Yes, Ladder Life Insurance is a legitimate company. It provides term life insurance with a focus on flexible, user-friendly online services. Ladder Life is known for its straightforward application process and the ability to adjust coverage as needed.
Is National Family Insurance legitimate?
Yes, National Family Insurance is a legitimate provider. They offer a variety of insurance products, including life insurance. It’s advisable to check their customer reviews and ratings to ensure they meet your expectations in terms of service and claims processing.
Is Senior Choice Financial legitimate?
Yes, Senior Choice Financial is a legitimate company that offers financial services and insurance products aimed at seniors. They provide various options tailored to the financial needs of older adults, including retirement planning and insurance coverage.
Is Transparent Business legitimate?
Yes, Transparent Business is a legitimate company. They focus on providing business solutions and services that promote transparency and efficiency in business operations. Their legitimacy can be verified through customer reviews and industry reputation.
What is Occidental?
Occidental refers to Occidental Fire & Casualty Company, which is known for offering various insurance products, including life insurance. They operate under the name Occidental and provide financial products designed to meet different insurance needs.
Who owns the insurance group?
The ownership of an insurance group can vary. It typically involves a parent company or holding company that owns and operates the insurance entity. For specific information about ownership, it’s best to refer to the company’s official website or corporate filings.
Who owns Occidental Insurance?
Occidental Insurance is part of Occidental Fire & Casualty Company. Ownership details can be found through corporate disclosures and financial reports from the parent company or holding entity that oversees Occidental Insurance operations.
Your life insurance quotes are always free.
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Dani Best
Licensed Insurance Producer
Dani Best has been a licensed insurance producer for nearly 10 years. Dani began her insurance career in a sales role with State Farm in 2014. During her time in sales, she graduated with her Bachelors in Psychology from Capella University and is currently earning her Masters in Marriage and Family Therapy. Since 2014, Dani has held and maintains licenses in Life, Disability, Property, and Casualt...
Licensed Insurance Producer
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
